The Failure of the Economy and the Economists

Benjamin M. Friedman, The New York Review of Books: "By now there are few people who do not acknowledge that the major American financial institutions and the markets they dominate turn out to have served the country badly in recent years.... But despite the universal agreement that no one wants any more such failures once this one has passed, there is a troubling lack of attention to reforms that might prevent such a crisis from recurring."

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